National Penn Says It Owes Cushman No Commission

Law360, Philadelphia (October 31, 2012, 4:51 PM EDT) -- National Penn Bank lashed out at Cushman & Wakefield of Pennsylvania Inc. on Monday, saying it did not owe the real estate broker $500,000 in commission for the sale of a Berks County, Pa., office building in 2011 because the two were bound by no contract at the time.

In response to a suit Cushman filed Oct. 8, National Penn lodged preliminary objections in the Philadelphia Court of Common Pleas. The bank said that when it sold the building to Amity Equity Partners LP in November 2011,...